The Daily Hit is a recap of the top financial news stories for Tuesday, November 26, 2024.
On the Site
Canopy Growth names Luc Mongeau as its next CEO
Mongeau is a current board member and CPG veteran.
Scotts Miracle-Gro shakes up C-suite, takes hit on cannabis stake
The company reaffirmed its fiscal 2025 guidance provided earlier this month as its cannabis play starts to materialize.
LeafLink buys online wholesale competitor Leaf Trade
Following the acquisition, LeafLink is expecting to hit $9 billion in wholesale gross merchandise sales annually.
Ohio on board with regulating intoxicating hemp, but how remains unclear
Whether any of the bills geared toward regulating intoxicating hemp gain traction before the end of this year is unclear.
POSaBIT reports third-quarter loss despite payment platform growth
POSaBIT highlighted that it transitioned its clients to a new processing platform, leading to a revenue dip.
In Other News
Connecticut hemp
A dozen Connecticut hemp retailers filed a federal lawsuit against the governor and attorney general challenging a number of state laws meant to regulate so-called high-THC hemp products, claiming the statutes are so vague they are unconstitutional.
Red Light Holland
Ontario-based Red Light Holland Corp. entered into a strategic partnership with Irvine Labs, an FDA-compliant and DEA-registered facility in California, to advance Red Light Holland’s microdosing research and development work, while enabling future cost-efficient manufacturing aimed at global distribution of their psilocybin products.
[[{“value”:”News from: Canopy Growth Corp., Scotts Miracle-Gro, LeafLink and more.
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